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On Saturday, I published an article, Battle for Britain: Fighting the Coalition Government’s Vile Ideology — and Praise for UK Uncut, in which I summarized many facets of the coalition government’s “unprecedented assault on almost every aspect of British society — hard-pressed middle class and working class people, students, schoolchildren, the working poor, the unemployed and the disabled; everyone, in fact, except the rich and the super-rich.” I also noted how, “[d]riven by a repusive ideological desire to smash the British state, and to privatize whatever was not privatized under Margaret Thatcher, John Major, Tony Blair and Gordon Brown, the government was “ferociously pursuing the biggest ever hatchet job on the British state on the basis of economic necessity, counting on the sloth and indifference of the public to disguise their true intentions, and to prevent anyone from scrutinizing how those responsible for the financial crisis — the banking sector, and the corporations committed to wholesale tax avoidance — are not being held accountable.” (more…)

Obama’s new budget is a continuation of Wall Street’s class war against the poor and middle class.

Wall Street wasn’t through with us when the banksters sold their fraudulent derivatives into our pension funds, wrecked Americans’ job prospects and retirement plans, secured a $700 billion bailout at taxpayers’ expense while foreclosing on the homes of millions of Americans, and loaded up the Federal Reserve’s balance sheet with several trillion dollars of junk financial paper in exchange for newly created money to shore up the banks’ balance sheets.

The effect of the Federal Reserve’s “quantitative easing” on inflation, interest rates, and the dollar’s foreign exchange value are yet to hit. When they do, Americans will get a lesson in poverty.(more…)